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Minimum Required Distribution
Your minimum required distributions from your IRA, 401(k), 403(b), or any other plan to which you have contributed beginning in the year you turn 72. Your minimum required distribution is calculated by taking the balance in your account on 12/31 of last year and dividing it by the factor next to your age on the chart.
IRA 401(k) 403(b) 457(b)
| Age | Factor | Age | Factor | Age | Factor |
|---|---|---|---|---|---|
| 72 | 27.4 | 88 | 13.7 | 104 | 5.2 |
| 73 | 26.5 | 89 | 12.9 | 105 | 4.6 |
| 74 | 25.5 | 90 | 12.2 | 106 | 4.3 |
| 75 | 24.6 | 91 | 11.5 | 107 | 4.1 |
| 76 | 23.7 | 92 | 10.8 | 108 | 3.9 |
| 77 | 22.9 | 93 | 10.1 | 109 | 3.7 |
| 78 | 22.0 | 94 | 9.5 | 110 | 3.5 |
| 79 | 21.1 | 95 | 8.9 | 111 | 3.4 |
| 80 | 20.2 | 96 | 8.4 | 112 | 3.3 |
| 81 | 19.4 | 97 | 7.8 | 113 | 3.1 |
| 82 | 18.5 | 98 | 7.3 | 114 | 3.0 |
| 83 | 17.7 | 99 | 6.8 | 115 | 2.9 |
| 84 | 16.8 | 100 | 6.4 | 116 | 2.8 |
| 85 | 16.0 | 101 | 6.0 | 117 | 2.7 |
| 86 | 15.2 | 102 | 5.6 | 118 |
2.5 |
| 87 | 14.4 | 103 | 5.2 | 119 | 2.3 |
Understanding and Managing Minimum Required Distributions (MRDs)
As you reach retirement age, it’s essential to understand the rules surrounding Minimum Required Distributions (MRDs) from your retirement accounts. Failing to take the correct distributions on time can result in significant penalties.
Our team of experts provides personalized guidance to help you navigate MRD requirements, ensuring compliance and optimizing your retirement income. Let us help you manage your MRDs effectively to secure your financial future.
Mandatory Withdrawals
MRDs are required from certain retirement accounts, such as Traditional IRAs, 401(k)s, and other tax-deferred plans, starting at age 73.
Avoid Penalties
Calculation of MRDs
Annual Requirement
MRDs must be taken annually, starting by April 1 of the year following the year you turn 73, and then by December 31 of each subsequent year.
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